Foreclosure Prevention & Intervention Services 10 Facts About the Process

Aurora, IL, January 25, 2010 --(PR.com)-- 1.) HUD-approved housing-counseling agencies, like Consumer Credit Counseling Service, are available 24 hours a day to provide information and assistance to avoid foreclosure;

2.) Any homeowner may be eligible for a special 'Making Home Affordable' loan modification or refinance to reduce monthly payments;

3.) Once eligibility in the 'Making Home Affordable' program is established, a Consumer Credit Counseling Service counselor will work to compile an intake package for the loan's servicer;

4.) Federally funded foreclosure-prevention counseling services are provided at no out-of-pocket cost to the client by non-profit housing counseling agencies like Consumer Credit Counseling Service. There is no need to pay a private company for these services;

5.) Consumer Credit Counseling Service is a program of Family Counseling Service of Aurora, and helps families understand the home-buying process; how to budget; how to fix credit problems; and how to avoid predatory lending practices;

6.) Counseling sessions are confidential, one-on-one meetings with a certified credit or housing counselor. The counselor is qualified to assess financial situations, including mortgage and other outstanding debt, and then work with the client to develop an action plan;

7.) Because complete credit and personal-financial profiles are essential to the process, a strict, state-mandated privacy policy has been instituted. Consumer Credit Counseling Service does not share clients' information with anyone, including credit bureaus;

8.) Consumer Credit Counseling Service's team of qualified counselors is trained and certified by NeighborWorks America and the National Foundation for Credit Counseling, whose 850 member agencies help more than three million consumers annually;

9.) Consumer Credit Counseling Service's online option takes clients step-by-step through the counseling-intake process, collecting relevant financial information for analysis before in-person counseling sessions; and

10.) Consumer Credit Counseling Service is a program of Family Counseling
Service of Aurora, a trusted local service provider since 1925.

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